The city of Seattle decided that gig delivery drivers needed to be protected. They passed a minimum wage for them. The income of gig drivers promptly dropped, as the rise in prices corresponded with a drop in customers.
Who regulates the regulators?
Who regulates the regulators?
It wasn't Seattle laws that did that.
It's that those companies needed to go from Growth-Mode to Margin-Mode. They could no longer sell VC dollars for dimes.
Presumably it rose in Seattle higher/faster than it would otherwise. The source that he provided in a sibling comment says sales dropped "immediately", which seems to corroborate this. It's lazy to argue "well prices rose elsewhere too so the minimum wage law couldn't possibly have had an impact"
In a healthy democracy, the civic-minded voters do.
It still seems to be better than all the alternatives.
And besides, what's the alternative here? Don't protect employees? Let them work below minimum wage?
As I said in my original comment, show me something that isn't from the first couple of weeks after it took effect. Preferably something scholarly, not just anecdotes from a newspaper
The voters and their representatives, if they put their minds to it.